NOBL vs. QUAL ETF Comparison

Comparison of ProShares S&P 500 Aristocrats ETF (NOBL) to iShares MSCI USA Quality Factor ETF (QUAL)

NOBL

ProShares S&P 500 Aristocrats ETF

NOBL Description

The investment seeks investment results before fees and expenses that track the performance of the S&P 500Â® Dividend AristocratsÂ® Index (the "index"). The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the index). The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index weight.

Grade (RS Rating)

Last Trade

$104.91

Average Daily Volume

417,159

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$180.40

Average Daily Volume

889,916

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	NOBL	QUAL
30 Days	-2.83%	-1.11%
60 Days	-0.07%	1.43%
90 Days	2.61%	2.15%
12 Months	19.12%	29.33%

20 Overlapping Holdings

Symbol	Grade	Weight in NOBL	Weight in QUAL	Overlap
ADP	B	1.59%	1.75%	1.59%
AFL	C	1.45%	0.42%	0.42%
AOS	F	1.48%	0.06%	0.06%
APD	A	1.47%	0.35%	0.35%
ATO	A	1.5%	0.4%	0.4%
CAT	C	1.59%	1.4%	1.4%
CTAS	B	1.58%	0.6%	0.6%
ED	C	1.38%	0.5%	0.5%
EXPD	D	1.51%	0.12%	0.12%
FAST	B	1.66%	0.42%	0.42%
GWW	B	1.66%	0.59%	0.59%
ITW	B	1.61%	0.73%	0.73%
JNJ	D	1.45%	2.15%	1.45%
KO	D	1.43%	1.43%	1.43%
LIN	D	1.48%	1.14%	1.14%
PEP	F	1.44%	1.1%	1.1%
PPG	F	1.49%	0.15%	0.15%
SHW	C	1.6%	0.57%	0.57%
TROW	B	1.62%	0.19%	0.19%
WST	D	1.48%	0.12%	0.12%

NOBL Overweight 45 Positions Relative to QUAL

Symbol	Grade	Weight
EMR	A	1.77%
NUE	D	1.72%
DOV	B	1.65%
GPC	F	1.64%
CINF	A	1.61%
ABBV	F	1.6%
ALB	B	1.59%
BEN	C	1.59%
CAH	B	1.59%
ROP	C	1.59%
NDSN	D	1.58%
BRO	B	1.58%
CVX	A	1.57%
SYY	D	1.56%
PNR	B	1.56%
CLX	A	1.55%
CHRW	B	1.53%
CHD	A	1.53%
XOM	B	1.53%
GD	D	1.53%
TGT	B	1.52%
SPGI	D	1.52%
WMT	A	1.52%
FRT	B	1.51%
KVUE	A	1.51%
SJM	D	1.49%
ABT	A	1.49%
MCD	D	1.48%
IBM	C	1.48%
LOW	C	1.48%
ESS	A	1.48%
HRL	D	1.47%
KMB	C	1.46%
MDT	D	1.46%
MKC	D	1.46%
ECL	D	1.45%
PG	C	1.45%
BDX	F	1.44%
CB	C	1.43%
ADM	D	1.4%
AMCR	D	1.39%
CL	D	1.37%
NEE	C	1.36%
SWK	F	1.35%
O	C	1.34%

NOBL Underweight 103 Positions Relative to QUAL

Symbol	Grade	Weight
NVDA	A	-6.93%
AAPL	C	-5.44%
MSFT	D	-4.5%
V	A	-4.5%
MA	B	-4.22%
META	C	-4.09%
LLY	F	-3.42%
UNH	C	-2.81%
COST	A	-2.55%
TJX	A	-2.03%
GOOGL	B	-1.77%
ADBE	D	-1.76%
NFLX	A	-1.76%
CSCO	B	-1.74%
COP	B	-1.73%
ACN	C	-1.67%
GOOG	B	-1.55%
NKE	F	-1.41%
TXN	C	-1.34%
CMG	C	-1.26%
AMAT	F	-1.17%
QCOM	F	-1.15%
LMT	D	-1.08%
BLK	B	-0.99%
SRE	A	-0.93%
SLB	C	-0.89%
KLAC	F	-0.77%
MMC	D	-0.74%
ANET	C	-0.73%
LRCX	F	-0.73%
PLD	D	-0.71%
DHI	D	-0.7%
PEG	C	-0.69%
LULU	C	-0.66%
VRTX	D	-0.62%
CDNS	B	-0.58%
TPL	A	-0.58%
PSA	C	-0.55%
MCO	D	-0.53%
CME	A	-0.52%
NVR	D	-0.52%
SNPS	C	-0.51%
ZTS	D	-0.51%
APH	B	-0.5%
MMM	D	-0.5%
PAYX	B	-0.49%
DECK	A	-0.49%
GRMN	B	-0.48%
TSCO	D	-0.43%
PHM	D	-0.43%
CBRE	B	-0.35%
ODFL	B	-0.34%
AMP	A	-0.33%
ULTA	F	-0.31%
IDXX	F	-0.3%
WSM	D	-0.29%
BBY	D	-0.29%
FERG	C	-0.28%
ACGL	D	-0.26%
CSGP	F	-0.26%
AVB	B	-0.24%
EW	C	-0.24%
ROK	B	-0.22%
POOL	D	-0.22%
EQT	A	-0.22%
VLTO	C	-0.21%
MNST	C	-0.21%
NTAP	C	-0.21%
MANH	D	-0.2%
EA	A	-0.2%
A	F	-0.2%
APA	F	-0.19%
MPWR	F	-0.18%
EQR	C	-0.18%
EME	A	-0.17%
RMD	C	-0.17%
LPLA	A	-0.17%
VEEV	C	-0.16%
HSY	F	-0.15%
KEYS	C	-0.15%
CBOE	C	-0.14%
WAT	C	-0.13%
ROL	B	-0.12%
WSO	A	-0.12%
FDS	B	-0.12%
GGG	B	-0.11%
OMC	C	-0.1%
PKG	B	-0.1%
ERIE	F	-0.09%
RS	B	-0.09%
MOH	F	-0.09%
JKHY	D	-0.09%
AVY	D	-0.08%
PAYC	B	-0.08%
UTHR	C	-0.08%
SEIC	B	-0.07%
MKTX	D	-0.07%
ENPH	F	-0.06%
SMCI	F	-0.06%
AFG	A	-0.06%
SOLV	F	-0.05%
IPG	F	-0.05%
WBA	F	-0.03%